Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2019

The following table sets forth the items in other current assets:



	June 30,		December 31,
	2019		2018
	(In millions)

Unrealized gains on derivative contracts	$	624	$	636
Deferred receivables consideration	447		379
Customer omnibus receivable	593		450
Financing receivables - net ⁽¹⁾	514		424
Insurance premiums receivable	68		35
Prepaid expenses	286		184
Tax receivables	462		379
Non-trade receivables ⁽²⁾	344		323
Other current assets	249		223
	$	3,587	$	3,033

⁽¹⁾ The Company provides financing to certain suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $4 million and $3 million at June 30, 2019 and December 31, 2018, respectively. Interest earned on financing receivables of $6 million and $14 million for the three and six months ended June 30, 2019, respectively, and $5 million and $12 million for the three and six months ended June 30, 2018, respectively, is included in interest income in the consolidated statements of earnings.

⁽²⁾Non-trade receivables included $82 million and $84 million of reinsurance recoverables as of June 30, 2019 and December 31, 2018, respectively.